I just see the value of scale on the multifamily side so its tough to remain patient as capital accumulates.This is only my second deal so i don't want to pursue a syndication until i have more of a track record.

Those who don't accept those terms are unable to afford the rent in the first place and you don't want them as tenants.6) Be patient when looking for a new tenant. 

They normally aren't going on a fishing expedition looking for violations outside of that unless there is a life/safety issue that is obvious in front of them that can't be ignored, like a tenant using the stove for heat or an active leak from a collapsed ceiling.Sometimes the complaint is valid and could cost you, other times its something silly and not a violation.

We did have the safety net of if we couldn't get the loan we could easily return the $100k since it was sitting in a HELOC and not in an amortized debt, so there was really no risk for not getting the money back.

Be patient and wait for the kill line an alligator.So, get your spreadsheet out.

Maybe figure out what you “need” to live on (I have a pretty liberal definition of need: loans/taxes/food/insurance/housing/internet/phones/etc. ) and how much of a safety margin you have on top of that. 

Does it take a while for the links to work, and I should just be patient? 

Work hard, be patient, be helpful and keep your eyes open to learning.

The key is that you let them know that you are willing to meet them halfway so that they can be satisfied with the safety and integrity of the structure but that you are also not working on an unlimited budget.

You'll certainly want to replace the wiring, not only from a safety standpoint but also many insurance companies won't touch it without rewiring.